The first phase of testing the alternative investment tool for the national financial ecosystem, conceived by Cetif Advisory with Reply and the Cariverona Foundation, has successfully closed. In the field Bper, Banca Generali, Banca Mediolanum, Reale Group and Iccrea 21 Mar 2022 Veronica Balocco
Cetif Advisory, with the partners Reply and Fondazione Cariverona and with the legal support of Chiomenti and the fiscal support of Linklaters, has successfully concluded the first phase of the experimentation of the platform natively prepared for the issuance of security tokens of the main alternative asset classes: investment, real estate, private debt, private equity, trade credit, works of art and collectibles. Bper Banca, Banca Generali, Banca Mediolanum, Reale Group and Iccrea have joined the Sandbox conceived by Cetif, like all the others, in a systemic logic and therefore open to the authorities and all the institutions / companies of the reference ecosystem. The go to market of the platform is planned for the first quarter of 2023, subject to the definition of the regulatory framework that allows - also in Italy - the issuance, placement and subscription of financial instruments via DLT / blockchain. In this context, in order to oversee also the international systemic evolutions, Cetif Advisory will activate the process to enter the Dlt Pilot Regime and participate in what is configured as the European macro Sandbox, for the experimentation in a protected environment of a secondary market of financial instruments in the form of a token. Index of topics • 90% of financial institutions detect the interest of customers • Towards the real emission test 90% of financial institutions detect the interest of customers From the survey carried out at the end of the first phase of the experimentation, it emerged that almost 90% of financial institutions detect a strong interest of their customers in investing through the token tool. Over 70%, moreover, believe that the Cetif platform can be launched on the market by 2023, subject to fine tuning and regulatory rulings on the subject, by the relevant authorities. On the other hand, 100% indicated the definition of a specific regulation on security tokens also in our country as the main and only element to be addressed for the production and go to market of the platform. Towards the real emission test "Our goal - says Imanuel Baharier, general manager of Cetif Advisory - is now to test the real issue of security tokens of the various alternative asset classes with all the financial institutions involved. These will be "last mile" pilots, which may take place in the specific context offered by the Mef regulatory sandbox in the course of 2022 (after acceptance of the admission application by the competent authorities) or outside it (when they are not revealed necessary legislative derogations) ".
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